Adavale Resources Limited has received final assay results from the last five drillholes of its 85-hole resource drillout at the Parkes (London-Victoria) gold project in New South Wales, completing the dataset ahead of an updated Mineral Resource Estimate scheduled for the third quarter of 2026.

The final batch comprises three reverse circulation holes and two diamond drillholes totalling 1,717 metres. Standout intercepts include diamond drillhole ALD003, which returned 20.95 metres at 2.25 grams per tonne gold from 278 metres, including 10 metres at 3.69 grams per tonne gold from 278 metres. Reverse circulation hole ALRC080 intersected 39 metres at 1.01 grams per tonne gold from 140 metres, alongside a separate zone returning 7 metres at 5.97 grams per tonne gold from 202 metres.

Additionally, hole ALRC081 returned 17 metres at 1.38 grams per tonne gold from 295 metres, including 5 metres at 3.24 grams per tonne gold from 306 metres. Hole ALD002 intersected 13 metres at 1.18 grams per tonne gold from 127 metres, while ALRC082 yielded 12 metres at 0.63 grams per tonne gold from 247 metres.

All five final holes returned reportable gold mineralisation located outside the modelled limits of the existing Mineral Resource Estimate of 3.8 million tonnes at 0.95 grams per tonne gold for 115,000 ounces, which was constructed entirely from historical drilling.

Adavale identifies the London-Victoria deposit as the central anchor of its broader Parkes Thrust gold system, incorporating consolidated tenure extending south toward the Calarie Mining Licence. 

The completed drilling program sets the stage for geological interpretation, three-dimensional modelling, and resource estimation.

The final 5 drillholes have delivered exactly what we've come to expect from the London-Victoria drillout - wide and locally high-grade intercepts sitting outside the current resource envelope.

With the complete assay dataset now available, our focus shifts to geological interpretation and resource estimation.
— David Ward, Managing Director

Following completion of the updated Mineral Resource Estimate targeted for the third quarter of 2026, Adavale intends to advance a Scoping Study to assess potential mining and processing pathways, development scale, infrastructure requirements, and preliminary capital and operating parameters for the project.

Read the full announcement: Drillout Success Set to Drive Upgraded MRE & Scoping Study